Empower Profits Grow 10.5% in 2025 as Contracted Cooling Capacity Expands to 2 Million Refrigeration Tons
Empower's 2025 net profit rose 10.5% to AED 1.004B as cooling capacity neared 2M tons, driven by more clients and digital service adoption.
Gourmet Egypt Shares Surge 35% in Debut; Marks First Egyptian Exchange IPO in 2026
Gourmet Egypt shares surged 35% in their 2026 Egyptian Exchange debut, raising EGP 1.32B in the year's first IPO amid strong investor demand.
Barclays Grows Profit by 13%, Bets on AI to Cut £2 Billion in Costs
Barclays' 2025 profit rose 13% to £9.1bn. It targets £2bn AI-driven cost cuts by 2028 and plans £15bn shareholder returns by 2028.
Alphabet Expands Global Borrowing With First Sterling and Swiss Franc Bonds, Including Rare 100-Year Issue
Alphabet issues first sterling and Swiss franc bonds, including a rare 100-year note, to fund AI expansion and diversify global financing.
Humain Launches HUMAIN Sport Platform Following Acquisition of Majority Stake in ai.io
Humain launched HUMAIN Sport after acquiring ai.io, aiming to expand AI-powered sports solutions in Saudi Arabia and globally.
BP Halts Share Buybacks and Deepens Cost Cuts Amid Investor Pressure, Shares Drop 4%
BP halts share buybacks, deepens cost cuts, and cuts spending to strengthen finances, causing shares to drop 4% amid investor pressure.
Egyptian Stock Exchange Breaks 50,000-Point Mark Amid Historic Rally and Strong Foreign Inflows
EGX30 hits record 50,293 points, up 20% in 2026, fueled by foreign inflows, IPOs, and sector gains; outlook remains positive despite some risks.
Blue-Chip Stocks Lead Saudi Market Gains, Driven by Americana, MBC, and Zahra Al Waha
Saudi stocks rose, led by Americana (+9.5%), MBC (+5.3%), and Zahra Al Waha (+4.4%), as investors shifted focus from blue-chips to active stocks.
Khazna and Presight Sign Long-Term Agreement to Establish Unified AI-Driven Command Platform for Data Centers
Khazna and Presight partner to launch an AI-driven command platform for unified, efficient, and sustainable data center management.
Saudi Real Estate Co. Reveals SAR 61.6 Million in White Land Fees, Expects Limited Financial Impact
Saudi Real Estate Co. faces SAR 61.6M in white land fees, covering 4.65% of Riyadh assets, with minimal expected financial impact.
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